The benchmark the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has returned to form on Thursday and finds itself up over 0.5% to 5,934 points in afternoon trade.
Four shares that have climbed more than most today are listed below. Here’s why they have pushed notably higher:
The Altium Limited (ASX: ALU) share price has climbed 4.5% to $20.84 despite there being no news out of the software-as-a-service company. But considering its shares took a bit of a tumble yesterday, I suspect some investors have taken up the opportunity to buy this quality company’s shares at a more attractive price. I’m a big fan of Altium and think it would be a great long-term investment option even after its stellar share price run.
The Blackham Resources Ltd (ASX: BLK) share price has rocketed 43% higher to 7.6 cents after the gold miner released an update on its production. According to the release, Blackham achieved record monthly gold production of 6,713 ounces during February. Another big positive was its low all-in sustaining cost of A$912 per ounce in February compared to the average realised gold price of A$1,670 per ounce.
The Galaxy Resources Limited (ASX: GXY) share price has bounced back from a series of declines with a 2.5% move higher to $2.99. Galaxy and the rest of the lithium miners have come under pressure in recent weeks amid concerns over the prospect of an oversupply of lithium in the future. Some analysts believe this will weigh heavily on lithium prices.
The Nufarm Limited (ASX: NUF) share price is up around 2.5% to $8.33 after the crop protection company announced that the European Commission has approved its acquisition of the Century portfolio from Adama Agricultural Solutions of Israel and Syngenta AG of Switzerland. The company expects to complete the acquisition in the next week.
5 stocks under $5
We hear it over and over from investors, "I wish I had bought Altium or Afterpay when they were first recommended by The Motley Fool. I'd be sitting on a gold mine!" And it's true.
And while Altium and Afterpay have had a good run, we think these 5 other stocks are screaming buys. And you can buy them now for less than $5 a share!
*Extreme Opportunities returns as of June 5th 2020
Motley Fool contributor James Mickleboro owns shares of Galaxy Resources Limited. The Motley Fool Australia owns shares of Altium. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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